Accounting Associate, Level II

About the Role

Supports account reconciliation and analysis, journal entry preparation, and data entry. Supports the month-end close process. Performs activities under moderate supervision.

Key Responsibilities

• Compiles, consolidates, and conducts basic analysis of accounting and finance information.
• Prepares basic journal entries.
• Performs monthly and annual account reconciliations.
• Assists with the preparation of tables, charts, and other exhibits for reports.
• May perform less complex accounting projects or participate as a team member on more complex projects.
• Performs ad hoc reporting requests as needed.
• Undertakes Forex activities:
• Computation of net exposure including obtaining Forecast from different business units.
• Preparations of hedging underlying based on net exposure.
• Submission of related documentation with banks.
• Preparation of UFCE exposure and submitting with the bank on a quarterly basis.
• Accounting of MTM impact and allocation of the resultant FX impact between business units of the same Legal Entity (LE).
• Submission of Forecast data for exposure & royalty and other applicable remittances to overseas entities.
• Analyzing the Forex impact for all LEs on a monthly basis and preparing explanations for the board on a quarterly basis.
• Reviewing forex transactions and suggesting business units (BU) to follow steps in order to meet FEMA guidelines.
• Tracking FX contracts, their utilization, rollover, and communication with CBS for utilizing import contracts.
• Reviewing FCY balances, Netting collections, and timely conversions of EEFC amounts.

Requirements & Tech Stack

• Financial Analysis: Interprets financial data by analyzing trends, variances, opportunities, and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluates financial results against targets to communicate conclusions to all stakeholders; ensures integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.
• Financial Internal Controls: Leverages internal control framework by assessing internal controls and developing remediation plans to mitigate financial reporting risks and respond to changing business needs.
• Financial Regulations Acumen: Evaluates applicable regulations for the financial area of focus, such as tax, banking, pension, local accounting to ensure underlying transactions are recorded in compliance with applicable regulations; explains key requirements and purpose of regulations and implications to the business to inform and educate relevant stakeholders.
• Action oriented: Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
• Communicates effectively: Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• Customer focus: Building strong customer relationships and delivering customer-centric solutions.
• Decision quality: Making good and timely decisions that keep the organization moving forward.
• Nimble learning: Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.
• Values differences: Recognizing the value that different perspectives and cultures bring to an organization.

Qualifications

• High school diploma or certificate of completion of secondary education or equivalent experience to the extent such experience meets applicable regulations.
• Requires some work experience or intermediate level knowledge obtained through education, training, or on-the-job experience.